Saturday, March 13, 2010

Starting from 19 April 2010, investors in KLSE can opt to receive dividend payments from public listed companies in the form of eDividend instead of the traditional way of receiving dividend cheques.

This will bring convenient to share investors using direct trading account(s), although doesn't make much different to those using nominee account(s).

Common problems such as delay receipt of dividend cheque, lost cheque, cheque expired, etc. will be eliminated, as dividend payment will be directly credited into our bank account if we've applied for this eDividend service. After the money is banked in, we will receive eNotification via email and/or SMS.

We can register for eDividend with our stock broker. There will be no cost incurred if we apply for eDividend within the period from 19 April 2010 until 18 April 2011.

All companies listed in KLSE who announce a books closing date for dividend entitlements on or after 1 September 2010 are required to pay dividends via eDividend to their shareholders who have registered for this service.